Frustration Over MiFID and PRIIPs Nears Boiling Point

Ambitious plans to transform Europe’s investment industry have led to a backlash against regulators from asset managers infuriated by the vast extra workload and higher costs.

Reforms introduced in January 2018, known as MiFID II and PRIIPs, affect all investment managers, banks and insurance companies operating in Europe as well as the financial future of every European citizen.